Insurance Technology Industry News

HSBC Holdings Has Returned 18.1% Since SmarTrend Recommendation (HBC)

Dec 11, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for HSBC Holdings (NYSE:HBC) on August 8th, 2012 at $43.91. In approximately 4 months, HSBC Holdings has returned 18.06% as of today's recent price of $51.84.

Over the past year, HSBC Holdings has traded in a range of $36.67 to $52.14 and is now at $51.82, 41% above that low. The 200-day and 50-day moving averages have moved 0.33% higher and 0.70% higher over the past week, respectively.

HSBC Holdings plc is the holding company for the HSBC Group. The Company provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance. The Group operates worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of HSBC Holdings shares.Log in and add HSBC Holdings (HBC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com
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